1) Two production processes "A, B" have the following cost structure as shown in the diagram below: (15 min) Fixed Cost Process List of formulas: Profit - Revenue - Total cost Revenue = Selling price * volume Total cost = Fixed cost - cost per item * volume Variable Cost per Unit $3.00 5.00 per Year A B $100,000 80,000 Break even volume = (Fixed cost)/ (Unit contribution margin) a. What is the most economical process for a volume of 5,000 units? (8 marks) b. How many units per year must be sold with each process to have annual profits of $50,000 if the selling price is $9 per unit? (4 marks) c. Calculate the break-even volume for process B assuming $9 selling price. (4 marks)